The global hernia devices market is growing at a significant rate due to increase in hernia cases, rising geriatric population base and growing acceptance of robotic surgeries. Increasing incidence rates of obesity and rising demand for advanced biological meshes are the other major factors which are expected to drive the market during the forecast period. According To the National Center for Health Statistics, around 800,000 groin hernias were treated in the U.S in 2003. In Australia, inguinal hernias are common, with approximately 3 percent women and 27 percent men developing one during their lifetime.Mesh used in hernia operations which is made of simple piece of cloth prepared from synthetic threads like polypropylene and polyester cause pain, infection, perforation resulting in groin hernia (recurrence of hernia).In 2003, the U.S. surgeons performed an estimated 770,000 surgical repairs of inguinal hernia. With increasing demand for advanced biological, synthetic meshes are becoming a major competitive factor and ample adoption of tension-free hernia repair procedure is expected to further drive the hernia repair devices market. Strategic tie ups with the manufacturers of robotic surgery equipment and increasing focus of economies on rising composite mesh adoption are some of the opportunities of global hernia devices market for the coming years.
Hernia repair devices are segmented on the basis of types of product and procedure.The product segment of hernia repair devices includes biologic materials, polymers, surgical instruments, biologic materials, surgical instruments, prosthetic mesh and endoscopy. At present there has been increased adoption of biologic allograft mesh and biological mesh systems that aid in fast recovery and negligible post- operative pain. The procedure segment of the market comprises of open tension repair, tension repair and laparoscopic tension- free repair. Laparoscopic surgery is expected to grow during the forecast period due to the presence of various benefits such as less scarring, less pain and faster healing time. However, the procedure is not recommended for larger and complicated hernias and when there is growth of hernias on both the sides.
The market is dominated by North America due to improved health care facilities and increasing incidence rates of hernia disorder cases. Government initiatives and rising awareness among people are some of the major factors driving the market in the region. Asia-Pacific followed by Europe is anticipated to witness lucrative growth in the coming years. India and china are the fastest growing market in the Asia-Pacific region owing to the presence of large patient pool, large investment by the major companies in the country and increasing government funding in healthcare facilities. High cost for the hernia repair devices and inconsistent repair policies are the major restraints for the market of hernia repair devices.
The key players of the hernia repair devices market are Ethicon inc., Stryker Corporation, Biomerix Corp, Covidien Plc, Inc., C.R.Bard Inc. and Cook Medical.
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